Latest in Sanctions
On April 28, the Biden administration released a comprehensive proposal for a legislative package to hold the Russian government and Russian oligarchs accountable for the war against Ukraine.
While Putin made prewar preparations to attempt to sanction-proof the Russian economy, he was not ready for the risk of a mass foreign exodus from the Russian market.
The relationship between foreign sovereign immunity and sanctions against central banks is important but often mischaracterized.
The United States and its allies are imposing unprecedented sanctions on Russia in response to its invasion of Ukraine. But their effects may be felt far beyond Russia’s borders.
A review of Nicholas Mulder, “The Economic Weapon: The Rise of Sanctions as a Tool of Modern War” (Yale University Press, 2022).
Over the past week, the United States and its allies have responded to Russia's military invasion of Ukraine with some unprecedented actions of their own—economic sanctions that target Russia in ways that have never been tried before, let alone applied to one of the world's largest economies over just a handful of days.
Humanitarian groups often express frustration with U.S. sanctions, which can hinder the deliver of aid during crises and make banks reluctant to work with them, but there are ways to bridge this gap.
The Commerce Department should restructure the ICTS rules to adopt a sanctions framework by creating a new list of entities that would be prohibited from selling ICTS into the U.S. market.
Expect an asymmetric response; direct actions would wreak havoc on both China and the global economy.
In its efforts to enforce economic sanctions against Iran and Venezuela, the United States is straining the boundaries of traditionally accepted state behavior in some of the world’s busiest shipping lanes. It is walking a tightrope.